Posts in Category ‘Finance’

No hidden charges at all

If you have just calculated the amount of interest that you have to pay, then you are at mistake. There are other charges as well that you have to pay. These charges are called processing charges, sometime these charges are high and sometimes these charges are low. When you are about to apply for a loan, you must not only consider calculating the interest, but you must also have to calculate the amount of the charges other than the interest rate. There are two different possibilities, sometime the charges are charged separately and sometime the charges are added into the collective interest rate.

There is a huge difference between the two, when you are charged separately it means you have to pay more money. When you are asked to pay a calculated amount of the annual percentage rate, it means it does include everything in it. The processing fee is a must because every lender has to evaluate your case and then have to decide that you should be given the loan or not. There is a team that constantly monitors your case and then after monitoring from the different angles, it is decided that an applicant should be granted a loan or not. When you do visit a website dealing with the smaller loan, freely ask about the charges that is to be taken from the client. Sometimes these charges are mentioned and sometimes these charges are not mentioned at all. When the charges are not mentioned it doesn’t mean that there will be no charges at all.

There are definitely some charges to be deducted. There is another thing you need to keep an eye on, if there are processing charges, then it should be ensured that these processing charges are one time or you have to pay these charges in installments. Paying these charges in installments can be advantageous in two different senses, first of all you can pay the charges in installments and there is no added pressure at the time of applying the loan, secondly you don’t have to pay anything extra to the lender. The lender only focuses onto the criteria of making applicant eligible. Hidden charges is one of the issues as well, guarantor loan is free from hidden charges, there are no hidden charges, and all of the charges are clearly mentioned to the clients before proceedings. If you feel that there is anything doubtful you can ask the representative by directly visiting the website anytime you want.

There are different sections that are developed to handle the questions raised by the client, this section in particular is very important to review because there are large number of details that can be fetched from this section. You can also get the detailed email of the breakup developed by the experts on the website. These details are shared though the email that is provided by the applicant at the initial stages of the loan procedure. Same details are also shared to the guarantor because in guarantor loan guarantor is equally responsible.

Bridging Loan Helps In Bridging Financial Gap?

Bridging loan is introduced to bridge a space between due arrears. It is short term loan with certain rules and regulations. With the help of this loan, it becomes possible to buy property at auction. In fact, it is highly supportive but expensive kind of short term loan. It is planned to assist customers who are planning to buy home before putting on sale the existing property. Applicants are compelled to pay highest interest rate till full cash is given in one payment. It is perfect only for those who know to manage funds within 6 to 9 months from other sources. Home-movers have to face problems when they cannot manage the gap between the purchase and sale dates. Bridging loans help people who are planning to renovate their existing property and sell it quickly on high rates. Loan criteria in banks is getting more and more complicated which leads an influx of lenders to offer their services for bridging loans. Lenders take significant interest rate as well as administration charges. It is the reason; our customer service warns applicants about risks associated with this loan. In case of availing loan, each and every customer must pay 1.5 percent interest rate each month. If you cannot pay full cash within one year, you need to pay 18% interest rate in 12 months.

Who are the Applicants of Bridging Loan?
Bridging loan is appropriate for applicants who need to get financial support for a few months. Clients are financially capable to payoff full cash after selling their property. In other words, this loan is designed for property developers, landlords and financially strong customers who need to buy property at auction. They have rich assets in their ownership and use land or asset to attain maximum funds. There are various issues that force a customer to apply for bridging loan such as buy to let, investment to gain profit and development of property. Nowadays, it has become a trend to avail loan because banks are unwilling to approve large amount as loan. On the other hand, lenders provide bridging loans in different shapes and quantities. At our platform, only FSA regulated brokers are available to assist you. We can understand your position, current circumstances and guide you better concerning the best type guarantor loans. Side by bridging loan, our company offers various other categories with particular time limit.

• Installment Loan
Time Duration is almost one year where as maximum available loan is £5000.
• Unsecured Loan
Time Duration is within five year whereas maximum limit is £50,000.
• Guarantor Loan
If you have guarantor on your side, you are able to get £7500 amount as loan.
• Secured Loan
Customers need to give property as security to avail £250,000 amount as loan.
• Credit Cards
People with insufficient credit can get maximum £3000 cash to meet their needs; however interest rate for these loans is up to 35.9 percent.

Applicants are free to get quote for Bridging loan or any other type of homeowner loan. Fill an online application and let our experts to assess your financial status.